Which Debit Card is Better For Your Kid?

As a dad or mum, you need to set your baby up with the abilities they should efficiently navigate their grownup life. One of an important issues they might want to know is learn how to successfully handle their cash. 

Luckily, debit playing cards for teenagers might help your kids study the ins and outs of monetary literacy. These playing cards can train your youngsters financially wholesome habits that may serve them for the remainder of their lives.

Greenlight and GoHenry are two of the preferred cash administration instruments for kids. Here’s a better take a look at every of those choices that can assist you resolve which one is greatest for your loved ones. 

What is Greenlight?

Greenlight presents a debit card for teenagers that’s designed to show them about cash administration. As the dad or mum, you’ll have management over how your baby can use this card.

Children of any age can use this account with out a minimal stability requirement. 

The debit card offered by Greenlight can be utilized anyplace that Mastercard is accepted. Within the platform, you’ll discover a number of instruments that can assist you train your youngsters about spending and saving cash.

These instruments vary from alerts to spending controls and extra.

What is GoHenry?

GoHenry was launched by a bunch of oldsters with the aim of serving to their youngsters change into efficient cash managers. Parents with kids ages six to 18 can reap the benefits of what GoHenry presents. 

Within the app, you need to use the controls to arrange cash administration studying alternatives on your kids. When in possession of the GoHenry debit card, your youngsters could make purchases anyplace that Mastercard is accepted. 


At their core, Greenlight and GoHenry have very related goals. Each app goals to supply a platform for fogeys to assist their youngsters find out about efficient cash administration. 

The platforms will enable your youngsters to find out about funds and train them learn how to make sound cash decisions for his or her lives. 

Beyond their core missions, they’ve some similarities by way of options and performance.


When you set your baby up with both debit card, you’ll obtain real-time alerts about any spending exercise. With these alerts, you may monitor your baby’s spending to see what is going on inside their account. 


Both Greenlight and GoHenry have the choice to create a set allowance distributed out of your account commonly. 

You may also select to arrange a pay-per-chore system. In the pay per process possibility, you may choose how a lot your baby can earn for every chore. 

Spending Controls

Greenlight and GoHenry each present some spending controls. 

With Greenlight, you may set personalized spending limits for every baby. Additionally, you may set store-level spending controls that allow you to fully remove the power to spend at explicit shops. 

Additionally, Greenlight offers you the facility to show off your baby’s debit card at any time from the app. 

GoHenry additionally lets you set spending limits for every of your kids by means of day by day limits, transaction limits, weekly limits and store-level limits. If you want to cease any spending, you may block and unblock the cardboard at any time by means of the app. 


Giving is a vital a part of cash administration. Neither Greenlight nor GoHenry overlooks this crucial element to profitable cash administration. 

GoHenry companions with the Boys and Girls Clubs of America. Through the app, your baby may give small quantities of cash each time they need to. 

Greenlight presents extra charities for kids to donate to. Your baby can have the choice to donate to particular charities that matter to them. 

Free Trial

Greenlight gives a free 30-day trial that can assist you resolve if the device is true for your loved ones. If you don’t suppose that the platform is an efficient match, you may cancel at any time. 

GoHenry additionally presents a free trial for one month. You’ll have the possibility to cancel in case you don’t just like the options supplied by means of the app. 


Of course, not the whole lot about these platforms is an identical. In reality, there are a number of notable variations to remember as you discover the choices.

Making Learning Fun With Money Missions

Both Greenlight and GoHenry make studying about funds extra accessible to kids and teenagers. Where GoHenry units itself aside is that it integrates enjoyable into the core of its monetary studying platform by means of Money Missions. 

Money Missions are in-app classes designed by lecturers and monetary specialists to assist youngsters construct their monetary literacy. All of the fundamentals about cash are constructed proper into these missions. 

Kids who use the platform will find out about incomes, saving, investing, good spending, credit score, safety and extra. 

With GoHenry, kids can watch animated movies, take quizzes and earn factors whereas studying learn how to handle their actual cash. They can unlock new ranges and add to their badge assortment as they construct their cash abilities. 

Plus, they are going to even obtain a certificates of accomplishment for every Money Mission degree they full. 

If your baby enjoys video games, then Money Missions may be the correct device to make studying about cash enjoyable. 


The first large distinction between these two platforms is the pricing. 

Greenlight Price

Greenlight prices $4.99 per 30 days for as much as 5 separate baby debit playing cards. If you desire a customized card, you’ll pay $9.99. Expedited transport on that is $24.99.

If you need to improve to Greenlight’s Invest or Max choices, the associated fee may be as much as $9.98 per 30 days. 

Additionally, whereas the primary substitute card is free, subsequent substitute playing cards price $3.50.

GoHenry Price

GoHenry prices $3.99 per 30 days per baby account. Additionally, you’ll encounter a $4.99 payment in case you select to create a customized debit card on your baby. 

Ultimately, the associated fee will differ dramatically based mostly on the variety of kids you’ve. If you solely have one baby, then GoHenry presents a greater deal. However, if in case you have two or extra kids, then GoHenry’s pricing mannequin will add up rapidly. 

Cash Back and Savings Rewards

Cash again rewards generally is a good cash transfer on your funds. Greenlight highlights this selection on your kids. 

If you improve the Greenlight Max degree, your baby will earn 1% money again on purchases they make with their pay as you go debit card. 

Additionally, Greenlight rewards your baby for selecting to avoid wasting. When your baby saves cash, they are going to earn 1% with a linked checking account or 2% with the Greenlight Max possibility. 

Since saving is a foundational device for cash administration, these rewards can arrange good financial savings priorities for years to come back. 

Unfortunately, GoHenry doesn’t supply a rewards construction on your baby’s saving or spending habits. 


Building financial savings with an rate of interest is an efficient solution to encourage financial savings. You’ll discover that each Greenlight and GoHenry supply a solution to promote financial savings. 

With Greenlight, you may arrange a customizable rate of interest on your baby’s account. As the dad or mum, you’ll pay the rate of interest. The aim is to show your kids concerning the energy of compound curiosity. 

Greenlight presents a round-up function to assist your baby construct financial savings. The platform will spherical up any purchases to the closest greenback and put the distinction of their Save account in order that they’ll watch their financial savings develop over time. 

GeHenry additionally promotes financial savings by means of dad or mum rewards. You’ll be capable to arrange this reward by means of a process. 

For instance, you possibly can create a “save $10 a month” process on your baby. If they hit that financial savings aim, the reward hooked up to your process will hit their financial savings account.


GoHenry is completely centered on serving to your baby grasp cash administration with banking merchandise. With that, youngsters can spend, save or give cash. 

Greenlight takes the alternatives for cash administration classes to the subsequent degree with investing choices. Using Greenlight Invest, your baby can find out about investing for his or her future as part of their monetary training. 

Kids should purchase investments by means of a SIPC-insured account. As the dad or mum, you’ll have the power to approve every funding transaction earlier than the commerce goes by means of. 

If you need to assist your youngsters find out about investing in a managed surroundings, Greenlight is a good possibility. But, remember that this function will price an additional $7.98 per 30 days.

Identity Theft

GoHenry doesn’t supply any identification theft safety. 

However, Greenlight gives identification theft safety providers on your kids. Although this function requires an improve to Greenlight Max, it could possibly be value it.

Additionally, Greenlight presents mobile phone safety towards theft and harm in case you use a Greenlight debit card to purchase the telephone. 

Number of Account Users

Greenlight permits extra kids to be added to the account. You can add as much as 5 kids. The flat payment for the whole household makes this a extra reasonably priced possibility for giant households. 

GoHenry requires a month-to-month payment for every baby. You’ll additionally solely be capable to add as much as 4 kids to your GoHenry account. 

For instance, in case you add 4 kids to your GoHenry account, you’ll must pay a month-to-month payment of $15.96 for the household. 

Families with fewer kids gained’t see an excessive amount of of a value distinction between the 2 platforms. But massive households will discover a big unfold that could possibly be the deciding issue. 

Who is Each Debit Card Best For?

Depending in your particular wants, one card could also be superior to the opposite for your loved ones.

If you’re a dad or mum searching for easy options to assist your baby grasp the fundamentals of cash administration, then GoHenry is a good possibility. 

With stable monetary literacy instruments, your baby will construct a stable basis of cash administration abilities. 

Otherwise, if you’re a dad or mum that desires your baby to take issues to the subsequent degree with investing and good spending alternatives, then Greenlight is probably going a greater match. 

The foundational monetary literacy instruments are constructed into Greenlight. But your baby can take issues a step additional with investing alternatives. 

Additionally, the dimensions of your loved ones might come into play. If you’ve a number of kids, then you definately may discover that Greenlight presents a greater worth. But for households with one baby, the prices are extra reasonably priced with GoHenry. 


Of course, you might resolve that neither Greenlight or GoHenry is the correct match on your state of affairs. Luckily, there are a number of different debit playing cards for teenagers with monetary literacy instruments built-in. 


BusyKid presents households the power to trace chores and allowances. You can create a cost schedule based mostly on accomplished chores or present an everyday weekly or biweekly allowance. 

After incomes cash by means of an allowance system, your baby can have some cash administration decisions. They can use a Spend card to make purchases, spend money on fashionable shares, save or give to charity. 

The focus of BusyKid is on managing chores on your baby to earn earnings by means of the app. 

Read our BusyKid debit card evaluate for extra info.


Current presents a banking expertise for adults and teenagers. As a teen, customers can get a checking account that has primary budgeting instruments inbuilt in order that they’ll obtain funds from facet hustles. 

A debit card with rewards is hooked up to the checking account. However, the teenager account prices $36 per yr. 

As a dad or mum, you may add in automated allowance funds and arrange spending controls on the account. There can also be an choice to assign chores, however the focus appears to be on teenagers with a part-time job of some type. 

When your baby makes use of this card, Current robotically rounds up transactions and transfers the distinction to a financial savings account. 

If your baby by chance overspends, there are not any overdraft charges. Instead, Current will robotically deduct the unfavorable stability from their subsequent direct deposit. 

Teens have to be a minimum of 13 years previous to make use of this banking platform. 

If you need to study extra about Current, take a look at our full evaluate. 


FamZoo presents households a customizable solution to instill cash administration greatest practices. The platform gives pay as you go debit playing cards for teenagers. 

You’ll discover allowance choices, chore monitoring, parent-paid curiosity alternatives, budgeting plans and extra with FamZoo. 

As a dad or mum, you’ll have loads of management to change your baby’s expertise. One of the customizations is an IOU system that tracks your baby’s spending and saving. 

Don’t miss our evaluate of FamZoo for extra info.


A pay as you go debit card generally is a great tool to assist your baby set up good cash administration methods that carry into their grownup life. Although there are many choices, the correct match for each household is totally different. 

Take a while to think about which options are most necessary for you and your kids earlier than shifting ahead with Greenlight, GoHenry or one of many many different alternate options.